Questions to ask yourself before property valuation

If you are planning to sell your property, one of the most important questions to ask yourself before property valuation in Dubai is whether the price is fair. Many people make the mistake of believing that if they offer less than the market value, they will get a higher price for the property. This is not always true. To know if what you are being offered is in fact below the fair market value, you must see what the valuation does not tell you. In this article, we have listed some important questions that you should ask yourself before property valuation.

Whether or not you have any liens on the property

One of the biggest questions to ask yourself before property appraisal is whether or not you have any liens on the property. This includes any back taxes that you owe. While you cannot avoid paying these, you can ask your realtor to create a loan for you that does not include back taxes. If you still have some outstanding bills after this process, then you should make sure you include them in the loan that you take out with your lender. If not, then your lender may have the right to foreclose on your home without due process to you.

Whether or not you need to repair any items in your home before selling them

Another question to ask yourself before a valuation is whether or not you need to repair any items in your home before selling them. Some people believe that homes do not need to be staged at all, but others feel that they do. Before you put your home up for sale, you should try to find out how much work you will need to do to make it livable. If you do not need to fix anything, then you can save a lot of money by simply doing it yourself rather than hiring a contractor to do the job.

How long has it been on the market?

You should also ask your realtor the same questions when listing your home. How long has it been on the market? Are there any recent changes made to the property since you put it up for sale? These are just a couple of questions you should ask yourself before property valuation to make sure the seller has lived in the house for a while. Even if you are only asking questions before the process begins, it is better than having to deal with an inexperienced realtor who may end up trying to sell the house for more than it is worth.